Xometry (NASDAQ:XMTR) Shares Gap Up – Should You Buy?

Shares of Xometry, Inc. (NASDAQ:XMTR) gapped up before the market opened on Monday . The stock had previously closed at $25.72, but opened at $26.96. Xometry shares last traded at $26.31, with a volume of 39,530 shares.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a research note on Wednesday, February 26th. UBS Group upped their target price on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Royal Bank of Canada lifted their price target on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $42.00 price objective on shares of Xometry in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised Xometry from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $45.00 in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.11.

Xometry Stock Down 1.5 %

The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The firm has a 50-day moving average of $30.99 and a 200 day moving average of $28.95. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -25.53 and a beta of 0.69.

Insider Transactions at Xometry

In other news, CEO Randolph Altschuler sold 27,566 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the transaction, the chief executive officer now directly owns 256,570 shares in the company, valued at $6,824,762. The trade was a 9.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Peter Goguen sold 940 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.36, for a total transaction of $39,818.40. Following the completion of the sale, the chief operating officer now directly owns 167,993 shares in the company, valued at approximately $7,116,183.48. The trade was a 0.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,965 shares of company stock worth $2,050,643 in the last 90 days. Corporate insiders own 16.79% of the company’s stock.

Hedge Funds Weigh In On Xometry

Institutional investors have recently bought and sold shares of the business. FMR LLC lifted its position in shares of Xometry by 40.2% in the third quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after buying an additional 1,169,778 shares during the last quarter. First Trust Advisors LP lifted its holdings in Xometry by 2,144.2% during the 4th quarter. First Trust Advisors LP now owns 817,475 shares of the company’s stock valued at $34,873,000 after purchasing an additional 781,049 shares during the last quarter. Baillie Gifford & Co. bought a new position in Xometry during the fourth quarter worth $30,297,000. Ameriprise Financial Inc. raised its position in shares of Xometry by 225.7% in the fourth quarter. Ameriprise Financial Inc. now owns 852,813 shares of the company’s stock valued at $36,381,000 after purchasing an additional 590,974 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in shares of Xometry in the fourth quarter valued at about $17,623,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

About Xometry

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.